TRENDING:
Fed interest rate
Oil price
XAU/USD
EUR/USD
Trade War
GBP/USD
Silver
Sponsored by
Login
|

Patterns: BTC/USD, ETH/USD

Patterns: BTC/USD, ETH/USD
Dukascopy Bank TeamDukascopy Bank TeamDukascopy Bank SA

BTC/USD 4H Chart: Bullish sentiment

The Bitcoin cryptocurrency has appreciated about 29.27% in value against the US Dollar since July 29.

The currency pair was trading above the weekly R1 at 11667.6 during the morning hours of Friday's trading session.

Most likely, the BTC/USD pair could continue its bullish momentum during next week's trading sessions.

Although, it is expected that the pair makes a brief retracement towards a support cluster formed by the 200– period simple moving average and the monthly pivot point at 10822.2 in the short-term.

Bitcoin

ETH/USD 4H Chart: Moving towards target

The Ethereum cryptocurrency has been trading in a horizontal channel against the US Dollar since mid-July.

The currency pair reversed from the upper band of the channel at 240.03 on August 5 and gradually moving towards the lower boundary of the horizontal channel at 208.60.

Everything being equal, it is likely that the ETH/USD pair could continue moving sideways in the nearest future.

A potential upside reversal from a support level formed by the weekly S1 at 208.60 could occur during next week's trading sessions.

ETHUSD

Author

Dukascopy Bank Team

Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

More from Dukascopy Bank Team
Share:

Editor's Picks

Ripple falls below $1.20 despite Africa stablecoin payments push

Ripple falls below $1.20 despite Africa stablecoin payments push

XRP corrects to trade below $1.20 following early-week rejection at $1.28 and broader crypto market weakness. XRP remains under pressure from declining major moving averages, undermining the MACD buy signal.

Crypto Today: Bitcoin, Ethereum, XRP trim breakout gains as focus shifts to Fed decision

Crypto Today: Bitcoin, Ethereum, XRP trim breakout gains as focus shifts to Fed decision

Cryptocurrency prices broadly decline as investors show caution toward risk assets ahead of the Fed's interest rate decision on Wednesday. Bitcoin (BTC) holds around $65,000 after correcting from its Monday high of $67,292.

Ondo Price Forecast: Multiple trendline rejections, fading bullish momentum warn of a steeper correction

Ondo Price Forecast: Multiple trendline rejections, fading bullish momentum warn of a steeper correction

Ondo price hovers around $0.3700 at press time on Wednesday, maintaining a broader corrective phase under the influence of a resistance trendline. Retail demand for ONDO remains firm, driven by the tokenization trend for traditional stocks and other Real World Assets.

Bitcoin steadies near $66,000 as markets await first Warsh-led Fed decision

Bitcoin steadies near $66,000 as markets await first Warsh-led Fed decision

Bitcoin steadies near $66,000 at the time of writing on Wednesday as investors await the Fed’s interest rate decision. Institutional demand shows slight improvement as spot Exchange Traded Funds recorded a mild inflow on Tuesday, after weeks of outflows.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.